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The Andaman and Nicobar Islands, a Union Territory of India, comprise over 570 islands renowned for their strategic location, rich natural resources, and diverse ecosystems. The economy is primarily driven by fishing, agriculture, tourism, and a growing handicrafts sector. With an exclusive economic zone covering more than 0.6 million sq. km, the islands have significant potential in marine-based industries. Agriculture employs nearly half the population, producing spices, oilseeds, pulses, and cash crops such as coconut, rubber, and cashew. Tourism is a vital contributor, attracting hundreds of thousands of visitors annually due to the islands' unique biodiversity and scenic beauty. The administration supports business growth through infrastructure development, MSME incentives, and promotion of sectors like IT-enabled services and food processing, making the islands a promising destination for diverse enterprises.
The Andaman and Nicobar Islands offer a favorable business climate bolstered by government initiatives that encourage entrepreneurship, particularly in micro, small, and medium enterprises (MSMEs). The Andaman and Nicobar Islands Integrated Development Corporation Limited (ANIIDCO) plays a key role in fostering economic growth through development projects and facilitation of industrial expansion. The territory’s infrastructure supports industries related to agriculture, fishery, handicrafts, and emerging IT-enabled services. Strategic incentives, subsidies, and streamlined clearance processes further ease the establishment and operation of businesses.
Fishing and Marine Products: Leveraging the vast exclusive economic zone for sustainable fishery and seafood processing.
Agriculture and Agro-Processing: Cultivation and value addition of spices, coconut, rubber, cashew, and specialized horticultural products.
Tourism and Hospitality: Capitalizing on natural beauty and biodiversity to expand eco-tourism, wellness tourism, and allied services.
Handicrafts and Woodcrafts: Developing shell craft, wooden toys, and other artisanal products with export potential.
Information Technology Enabled Services (ITeS): Emerging sector supported by skilled manpower and government focus on digital infrastructure.
Food Processing and Value-Added Products: Opportunities in coconut-based products, fruit processing, and agricultural waste utilization.
Positioned at the crossroads of Southeast Asia and the Indian mainland, the Andaman and Nicobar Islands serve as a vital maritime gateway. This strategic location offers businesses access to key shipping lanes, enhancing trade prospects. The islands’ natural resources and biodiversity support sustainable exploitation, while efforts to preserve ecological balance ensure long-term viability. With increasing tourist inflows and expanding sectors, the islands present lucrative trade and investment opportunities, backed by governmental support and a growing infrastructure network.
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